Singapore’s PMI improves in October as regionwide factory activity stays weak

SINGAPORE’S overall manufacturing sentiment improved further in October, even as regionwide factory activity remained weak.

The purchasing managers’ index (PMI) edged up to 50.2 in October, a 0.1 point gain from the previous month, data from the Singapore Institute of Purchasing and Materials Management (SIPMM) indicated on Thursday (Nov 2).

A reading above 50 on the index indicates growth from the previous month, while one below 50 points to a contraction.